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The Subcommittee on General Farm Commodities and Risk Management quizzed Commodity Futures Trading Commission General Counsel Dan Berkovitz on the same subject. His testimony came barely two weeks after the full committee... Read More
Commodity Futures Trading Commission Chairman Gary Gensler was the only witness in a hearing demonstrating the Agriculture Committee’s continuing interest in the implementation of Title VII of the Dodd/Frank law. In... Read More
The Oversight Subcommittee’s first Dodd-Frank hearing was intended to focus on estimates that the regulations necessary to implement the Act could cost as much as $2 billion over the next ten years. The hearing... Read More
Capital Markets Subcommittee Chairman Garrett stretched the concept of a legislative hearing by convening with a wide-ranging panel to talk about perceived negative consequences of the Dodd-Frank law. ... Read More
In this hearing, the Senate Agriculture Committee members weighed in on the provisions of the Dodd-Frank law that imposed greater regulation of the derivatives industry. The chairmen of the Commodity Futures Trading... Read More
Now seven months into the implementation phase on the new Dodd- Frank law, the complexity of the issues and the sheer number of required regulations had unnerved the financial community.  This hearing underscored the... Read More
Secondary mortgage market reform is generally recognized as the unfinished business of the financial reform agenda.  This hearing provided testimony from a single witness, Treasury Secretary Tim Geithner, who ... Read More
The House Financial Services Committee moved to protect its political and jurisdictional interests by conducting one its first hearings on the implementation of the derivatives section of Dodd-Frank. In his opening remarks,... Read More
The House Agriculture Subcommittee on General Farm Commodities and Risk Management provided another early opportunity for business interest groups to make their case against the imposition of margin requirements if their... Read More
The House Agriculture Committee convened an early hearing looking at the implementation of Dodd-Frank's derivatives section. This section, one of the most important aspects of the financial regulatory reform effort,... Read More
WHAT’S THE RULE? The Financial Stability Oversight Council on July 18 approved a final rule that would designate large payment-clearing and settlement companies as systemically important, which would allow regulators... Read More
WHAT’S THE RULE? The Commodity Futures Trading Commission on July 14 published a final rule on the prohibition of market manipulation, which gives the agency  new powers to go after fraud. WHY IS IT... Read More
WHAT’S THE RULE? The Commodity Futures Trading Commission on July 13 approved a final rule that would for the first time define the term “agricultural commodity” to better regulate the swaps market and... Read More
Delta Airlines Michael Greenberger  
Americans for Financial Reform Sen. Maria Cantwell Council of Institutional Investors Michael Greenberger Sen. Carl Levin
"The lead on a front page Wall Street Journal article today, entitled "As Middle Class Shrinks, P&G Aims High and Low," was nothing less than shocking:  "'For generations, Procter &... Read More
Floyd Norris has a terrific piece today in the New York Times entitled "For Banks, Unfortunate Echoes of 2008."   The attached chart accompanies his piece, which you should read.........and worry... Read More
NYT Columnist Gretchen Morgenson lays out the story of yet another egregious example of the SEC not doing its job.  This time relates to its utter failure to use the legal authority to make executives pay back their... Read More
"No Job, No Insurance, No Health Care" isn't just a title for a New York Times Editorial.  It's a fact of life for tens of millions of Americans who want to work and provide for their families, but... Read More
There's no way  Gillian Tett, FT's US Editor, could have known how timely her column today would be.  It's provocatively entitled "From Mesopotamia to America's Subprime Slave System" and... Read More